IRS Wins $109 million court case, defeats ‘Project Soy’ maneuver

From the Wall Street Journal – By Richard Rubin –

The Internal Revenue Service won a $109 million victory in federal court that will help the tax agency combat aggressive corporate tax maneuvers and collect more money from other companies.

The IRS defeated telecommunications company Liberty Global, which used a maneuver it dubbed “Project Soy” to exploit a gap in the 2017 tax law and was seeking a refund.